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Side-by-side financial comparison of DOCUSIGN, INC. (DOCU) and MATERION Corp (MTRN). Click either name above to swap in a different company.

DOCUSIGN, INC. is the larger business by last-quarter revenue ($818.4M vs $549.8M, roughly 1.5× MATERION Corp). DOCUSIGN, INC. runs the higher net margin — 10.2% vs 3.5%, a 6.7% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 8.4%).

Docusign, Inc. is an American software company headquartered in San Francisco, California that provides products for organizations to manage electronic agreements with electronic signatures on different devices. As of 2025, Docusign has about 1.7 million clients in 180 countries. Signatures processed by Docusign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU Qualified Signatures.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

DOCU vs MTRN — Head-to-Head

Bigger by revenue
DOCU
DOCU
1.5× larger
DOCU
$818.4M
$549.8M
MTRN
Growing faster (revenue YoY)
MTRN
MTRN
+22.4% gap
MTRN
30.8%
8.4%
DOCU
Higher net margin
DOCU
DOCU
6.7% more per $
DOCU
10.2%
3.5%
MTRN

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCU
DOCU
MTRN
MTRN
Revenue
$818.4M
$549.8M
Net Profit
$83.7M
$19.4M
Gross Margin
79.2%
14.9%
Operating Margin
10.4%
5.1%
Net Margin
10.2%
3.5%
Revenue YoY
8.4%
30.8%
Net Profit YoY
34.1%
9.5%
EPS (diluted)
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOCU
DOCU
MTRN
MTRN
Q1 26
$549.8M
Q4 25
$818.4M
$489.8M
Q3 25
$800.6M
$444.8M
Q2 25
$763.7M
$431.7M
Q1 25
$420.3M
Q4 24
$436.9M
Q3 24
$436.7M
Q2 24
$425.9M
Net Profit
DOCU
DOCU
MTRN
MTRN
Q1 26
$19.4M
Q4 25
$83.7M
$6.6M
Q3 25
$63.0M
$25.4M
Q2 25
$72.1M
$25.1M
Q1 25
$17.7M
Q4 24
$-48.9M
Q3 24
$22.3M
Q2 24
$19.0M
Gross Margin
DOCU
DOCU
MTRN
MTRN
Q1 26
14.9%
Q4 25
79.2%
13.0%
Q3 25
79.3%
19.4%
Q2 25
79.4%
19.1%
Q1 25
18.1%
Q4 24
21.3%
Q3 24
18.5%
Q2 24
19.0%
Operating Margin
DOCU
DOCU
MTRN
MTRN
Q1 26
5.1%
Q4 25
10.4%
2.2%
Q3 25
8.1%
7.9%
Q2 25
7.9%
8.5%
Q1 25
6.5%
Q4 24
-8.8%
Q3 24
7.2%
Q2 24
7.5%
Net Margin
DOCU
DOCU
MTRN
MTRN
Q1 26
3.5%
Q4 25
10.2%
1.3%
Q3 25
7.9%
5.7%
Q2 25
9.4%
5.8%
Q1 25
4.2%
Q4 24
-11.2%
Q3 24
5.1%
Q2 24
4.5%
EPS (diluted)
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
$0.40
$0.30
Q3 25
$0.30
$1.22
Q2 25
$0.34
$1.21
Q1 25
$0.85
Q4 24
$-2.34
Q3 24
$1.07
Q2 24
$0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOCU
DOCU
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$583.3M
$16.2M
Total DebtLower is stronger
$489.9M
Stockholders' EquityBook value
$2.0B
$957.0M
Total Assets
$4.0B
$1.9B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCU
DOCU
MTRN
MTRN
Q1 26
$16.2M
Q4 25
$583.3M
$13.7M
Q3 25
$600.0M
$16.4M
Q2 25
$657.4M
$12.6M
Q1 25
$15.6M
Q4 24
$16.7M
Q3 24
$17.9M
Q2 24
$17.1M
Total Debt
DOCU
DOCU
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$460.6M
Q3 25
$458.9M
Q2 25
$427.6M
Q1 25
$453.0M
Q4 24
$443.9M
Q3 24
Q2 24
Stockholders' Equity
DOCU
DOCU
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$2.0B
$943.3M
Q3 25
$2.0B
$934.6M
Q2 25
$2.0B
$910.6M
Q1 25
$887.9M
Q4 24
$868.9M
Q3 24
$931.9M
Q2 24
$907.1M
Total Assets
DOCU
DOCU
MTRN
MTRN
Q1 26
$1.9B
Q4 25
$4.0B
$1.8B
Q3 25
$3.9B
$1.8B
Q2 25
$3.9B
$1.7B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$1.9B
Q2 24
$1.8B
Debt / Equity
DOCU
DOCU
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.49×
Q3 25
0.49×
Q2 25
0.47×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOCU
DOCU
MTRN
MTRN
Operating Cash FlowLast quarter
$290.3M
Free Cash FlowOCF − Capex
$262.9M
FCF MarginFCF / Revenue
32.1%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
$290.3M
$19.5M
Q3 25
$246.1M
$18.3M
Q2 25
$251.4M
$49.9M
Q1 25
$15.5M
Q4 24
$76.3M
Q3 24
$5.1M
Q2 24
$20.3M
Free Cash Flow
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
$262.9M
Q3 25
$217.6M
Q2 25
$227.8M
Q1 25
$3.2M
Q4 24
Q3 24
$-24.3M
Q2 24
FCF Margin
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
32.1%
Q3 25
27.2%
Q2 25
29.8%
Q1 25
0.8%
Q4 24
Q3 24
-5.6%
Q2 24
Capex Intensity
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
3.3%
Q3 25
3.6%
Q2 25
3.1%
Q1 25
2.9%
Q4 24
Q3 24
6.7%
Q2 24
Cash Conversion
DOCU
DOCU
MTRN
MTRN
Q1 26
Q4 25
3.47×
2.97×
Q3 25
3.91×
0.72×
Q2 25
3.49×
1.99×
Q1 25
0.88×
Q4 24
Q3 24
0.23×
Q2 24
1.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOCU
DOCU

Subscription And Circulation$801.0M98%
Professional Services And Other$17.4M2%

MTRN
MTRN

Segment breakdown not available.

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